Vingroup-affiliated stocks continued to shine brightly during the September 30th trading session. Both Vingroup (ticker: VIC) and Vinhomes (ticker: VHM) closed with gains of 1-2%, acting as key pillars supporting the index.
Notably, Vincom Retail (ticker: VRE) saw a remarkable surge, hitting its daily limit from the opening bell. Its share price soared to 32,100 VND, the highest level since April 2022, pushing its market capitalization to nearly 73 trillion VND.
VRE’s rally followed news of a substantial dividend payout from its subsidiary.
Vincom Retail’s Board of Directors approved a resolution allowing Vincom Retail Operations LLC, a wholly-owned subsidiary, to distribute profits to its owner.
The total dividend amounts to 4.48 trillion VND, payable via bank transfer in Q3 2025.
As of June 30, 2025, Vincom Retail has four subsidiaries: Vincom Retail Operations LLC, Suoi Hoa Urban Development LLC, Vincom Retail Investment JSC, and Vincom Retail Landmark 81 LLC. Vincom Retail Operations LLC specializes in leasing shopping centers, offices, entertainment services, and real estate.
To streamline operations, Vincom Retail’s Board approved the merger of Suoi Hoa Urban Development LLC into Vincom Retail Operations LLC on August 26, 2025, reducing its subsidiaries to three.
In a recent report, ACBS Securities predicted steady growth for Vincom Retail’s leasing segment in 2025, with revenue reaching 8.516 trillion VND. This growth is driven by improved occupancy rates and contributions from five new shopping centers opened in 2024.
The company increased its average occupancy rate from 82.8% in Q1 2024 to 86.3% in Q2 2025 by adjusting tenant mix, favoring food & beverage, entertainment, and lifestyle tenants.
In August, Vincom Retail launched Vincom Mega Mall Ocean City (70,000 m²), followed by Vincom Mega Mall Royal Island (47,600 m²) on September 30th. Vincom Plaza Vinh is also slated for 2025, further boosting future revenue.
For real estate, ACBS noted Vincom Retail’s plans to launch 1,000 shophouses at Vinhomes Royal Island (4.8 trillion VND investment) and 280 at Vinhomes Golden Avenue (1.3 trillion VND investment) in H2 2025, with handover in 2026. These projects are expected to drive 2026 growth.
Unveiling Vingroup’s Mega Projects Stretching from North to South Vietnam
The past year has marked a remarkable “boom” for Vingroup, as the conglomerate has consistently launched and planned a series of mega urban projects spanning from the North to the South of Vietnam.
Market Pulse 30/09: Capital Flows Return as VN-Index Experiences Deep Correction
After a sharp decline at the start of the afternoon session, the market gradually recovered, closing near the reference level. However, the indices still ended the day in negative territory. The VN-Index closed at 1,661.7 points, down nearly 5 points, while the HNX-Index settled at 273.16 points, shedding 2 points.
Vingroup Plans to Issue VND 2.5 Trillion in Corporate Bonds
Vingroup is set to issue VND 2.5 trillion in 24-month bonds as part of its debt restructuring strategy.
“Nearly 39 Trillion VND Poised to Flow into Vinhomes’ Coffers?”
VPBank Securities forecasts that VHM will generate 38.716 trillion VND from large-scale land sales in 2025, primarily from its flagship projects: Golden City, Green City, and Green Paradise.
Technical Analysis for the Afternoon Session of September 30th: Continued Tug-of-War
The VN-Index remains locked in a tug-of-war around the Bollinger Bands’ Middle Line, even as the Stochastic Oscillator signals a potential buying opportunity. Meanwhile, the HNX-Index experienced a notable decline, retesting the lower boundary of its Triangle pattern.
